Senior Associate - Hedge Fund Accounting (Middle Office)

IQ-EQ; Fort Worth (TX); Hybrid; USD 70,000 - 100,000; Full time

Benefits offered by this job

4 weeks PTO

401(k) plan with company match

Health benefits

Hybrid work schedule

Job summary

IQ-EQ in Fort Worth, TX, seeks a Fund Accounting Specialist to review NAV packages, update records, and manage accruals. You will calculate fees, review valuations, and ensure accuracy across client records and custodians.

The ideal candidate holds a Bachelor's in Accounting/Finance/Economics with 4+ years in financial services, hedge funds, or middle office. Proficient in Excel and Enfusion/Geneva; hybrid work and strong benefits accompany the role.

Qualifications

• Bachelor’s degree in Accounting, Finance, Economics, or related field; 4+ years in financial services, hedge funds, fund accounting, or middle office operations.
• Strong knowledge of equities, fixed income, options, swaps, futures, FX across global markets.
• Excellent attention to detail, multitasking, and accounting/analytical skills.
• Effective written and verbal communication; ability to build client relationships.
• Proficient in advanced Excel; experience with Enfusion and Geneva.

Responsibilities

• Review monthly NAV packages, update fund accounting records, and maintain accrual schedules.
• Calculate management and performance fees; review monthly valuation reports with third-party firms.
• Process, record, and reconcile performance reporting, contributions, distributions, actions, and payments.
• Prepare and manage reconciliations of positions, trades, cash, market values, and accruals; ensure accuracy between client records and custodians.
• Collaborate with clients, prime brokers, and internal teams to resolve trade breaks and support ad hoc requests.

Skills

Attention to detail

Multitasking

Communication skills

Client relationships

Analytical skills

Excel proficiency

Education

Bachelor's degree in Accounting/Finance/Economics

Tools

Enfusion

Geneva

Job description

Company Description

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide. We employ a global workforce of 6,500+ people across 24 jurisdictions and have assets under administration (AUA) exceeding US$857 billion. We work with 13 of the world’s top-15 private equity firms.

Company Description

We’re a leading Investor Services group offering end-to-end services in administration, accounting, reporting, regulatory and compliance needs of the investment sector worldwide. We employ a global workforce of 6,500+ people across 24 jurisdictions and have assets under administration (AUA) exceeding US$857 billion. We work with 13 of the world’s top-15 private equity firms.

Our services are underpinned by a Group-wide commitment to ESG and best-in-class technology including a global data platform and innovative proprietary tools supported by in-house experts.

Above all, what makes us different is our people. Operating as trusted partners to our clients, we deliver intelligent solutions through a combination of technical expertise and strong relationships based on deep client understanding.

We’re driven by our Group purpose, to power people and possibilities.

Job Description

What you’ll do

• You'll review monthly NAV packages, update portfolio accounting systems as needed, and maintain accurate fund accounting records.
• You'll build and maintain fund accrual schedules, calculate management and performance fees, and review monthly valuation reports with third-party valuation firms.
• You'll process, record, and reconcile performance reporting, contributions, distributions, corporate actions, and expense payments.
• You'll prepare and manage daily, monthly, and tri-party reconciliations of positions, trades, cash, market values, and accruals, ensuring accuracy between client records and custodians.
• You'll collaborate with clients, prime brokers, and internal teams to resolve trade breaks, manage subscription and redemption documentation, and support ad hoc requests.

What We Offer

• IQ-EQ offers a comprehensive benefits package designed to support employees' well-being and work-life balance.
• Employees receive generous paid time off, including 4 weeks of PTO that increases over time, sick time and paid holidays, and financial wellness is supported through a 401(k) plan with a company match (subject to eligibility).
• Health benefits include medical, dental, vision, mental health support and additional ancillary insurance plans.
• Additional benefits include paid parental leave and a hybrid work schedule, promoting both personal and professional fulfillment.
• The salary for this position will be dependent on experience and location ($70,000-$100,000).

Qualifications

• You have a bachelor’s degree in Accounting, Finance, Economics, or a related field, with at least 4 years of experience in financial services, preferably in hedge funds, fund accounting, or middle office operations.
• You possess strong knowledge of financial instruments, including equities, fixed income, options, swaps, futures, and foreign exchange across global markets.
• You demonstrate excellent attention to detail, multitasking abilities, and strong accounting and analytical skills to support complex financial processes.
• You communicate effectively through strong written and verbal skills, with the ability to build and maintain positive client relationships.
• You are proficient in advanced Excel and portfolio accounting systems such as Enfusion and Geneva, while being hardworking, dependable, punctual, and professional.

Additional Information

Sustainability is integral to our strategy and operations. Our sustainability depends on us building and maintaining long-term relationships with all our stakeholders – including our employees, clients, and local communities – while also reducing our impact on our natural environment.

There is always more we can, and should do, to improve – whether in relation to our people, our clients, our planet, or our governance. Our ongoing success as a business depends on our sustainability and agility in a changing and challenging global landscape. We’re committed to fostering an inclusive, equitable and diverse culture for our people, led by our Diversity, Equity, and Inclusion steering committee.

Our learning and development programmes and systems (including PowerU and MyCampus) enable us to invest in growing our employees’ careers, while our hybrid working approach supports our employees in achieving balance and flexibility while remaining connected to their colleagues. We want to empower our 6,500+ employees - from 94 nationalities, across 24 countries - to each achieve their potential. Through IQ-EQ Launchpad we support women managers launching their first fund, in an environment where only 15% of all private equity and venture capital firms are gender balanced.

We’re committed to growing relationships with our clients and supporting them in achieving their objectives. We understand that our clients’ sustainability and success lead to our sustainability and success. We’re emotionally invested in our clients right from the beginning.